Update on Currency Hedge Liability Settlement

RNS Number : 4707R

Alpha Pyrenees Trust Limited

25 October 2013

 



25 October 2013

ALPHA PYRENEES TRUST LIMITED ("ALPHA PYRENEES TRUST" OR THE "TRUST")

UPDATE ON CURRENCY HEDGE LIABILITY SettlEment

Further to the announcement on 14 October 2013 with regards to the settlement of the Trust's currency hedges, the Board of Alpha Pyrenees Trust is pleased to report that, following positive progress in the on-going discussions with its hedge counterparty (Barclays Bank PLC/"Barclays"), the Trust has agreed to move the scheduled repayment date from 25 October 2013 to 18 November 2013. By this date, the Trust plans to have secured a longer term arrangement with Barclays. Barclays currently provide finance secured against the majority of the Trust's property portfolio.

Contact:

Dick Kingston
Chairman, Alpha Pyrenees Trust                                     01481 231 100

Paul Cable
Fund Manager, Alpha Real Capital LLP                            020 7268 0300

For more information on the Trust please visit www.alphapyreneestrust.com.

For more information on the Trust's Investment Manager please visit www.alpharealcapital.com.

 

END

 

 

MSCEELFLXBFLFBE